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Apple Settles iPad Trademark Dispute For $US60 Million

Posted: July 7th, 2012 | Author: | Filed under: CHINA!, iPad, Technoid Computer News | Tags: , , , , | Comments Off on Apple Settles iPad Trademark Dispute For $US60 Million

Apple Settles iPad Trademark Dispute For $US60 MillionTechnology behemoth Apple has agreed to pay Chinese company Proview nearly $US60 million to settle a dispute over ownership of the iPad trademark. Apple insists it bought the the global rights to the iPad name from Proview Technology in 2009. However, a Chinese court ruled last year that Proview still owned the name in China.

The High Court in the southern Chinese province of Guangdong now says the government body overseeing trademarks has been asked to immediately recognise Apple’s rights to the iPad name.

“This means that the dispute between Apple and Shenzhen Proview over the rights to the iPad brand is resolved in a satisfactory manner,” the court said in a statement.

Proview’s Taiwanese affiliate registered ‘iPad’ as a trademark in several countries including China as early as 2000, years before Apple began selling its hugely successful tablet computer.

Apple subsequently bought the rights for the global trademark, including from the Taiwanese affiliate, but Proview said the deal did not include the rights for mainland China, and sued after the iPad was launched :: Read the full article »»»»